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Dec 31, 2013
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i like apple. numbers are going the right way. i like energy names. chevron, that's what people want. >> even you admit we're over bought at this point. we're due for something. >> we are. i think, i don't disagree with abigail, but i think the first part of the year your hope is that you're going to get iras and other things pre-funded. people say last year, which started off like a rocket shot, i want to get started early, and then i think in the middle of january sometime you want to take another look because we are somewhat over extended here and when abigail says the word parabolic, i break out in a rash. >> i'm thinking twitter at that point. >> it's the same thing for me. i look at the long-term charts of the stock markets. they scare me. honestly, it just is not sustainable. it would be healthy if we could have a 10 or 15% pull back because then it would act as a toe holding to climb higher. right now we're setting up for something that could be significant. >> very good. thank you, abigail. >> very good. >> mr. cashin, thank you. >> may your
i like apple. numbers are going the right way. i like energy names. chevron, that's what people want. >> even you admit we're over bought at this point. we're due for something. >> we are. i think, i don't disagree with abigail, but i think the first part of the year your hope is that you're going to get iras and other things pre-funded. people say last year, which started off like a rocket shot, i want to get started early, and then i think in the middle of january sometime you...
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Dec 31, 2013
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of course, there's always going to be something that upsets the apple cart. and when there is, we expect some type of correction to take place during the year. we would use that as an opportunity to buy, not necessarily chase things right now. >> all right. jordan, you've talked about cisco. is this because it had a terrible quarter last quarter? is it a value pick, or is it something beyond that idea of picking that stock for 2014? >> we are value investors, and so, there certainly is a value take. they did have a difficult october quarter when they reported it. and subsequent to that, they had a large investor day in new york. and they reiterated a couple of themes. one is they are becoming much more shareholder aware in terms of returning capital to shareholders by way of dividend and in terms of share repurchase. that creates an imperative within the company to make sure that the returns within the company from the business continue to do well. and i think that they are pushing back against some of the innovative competitors out there, and we think cisco
of course, there's always going to be something that upsets the apple cart. and when there is, we expect some type of correction to take place during the year. we would use that as an opportunity to buy, not necessarily chase things right now. >> all right. jordan, you've talked about cisco. is this because it had a terrible quarter last quarter? is it a value pick, or is it something beyond that idea of picking that stock for 2014? >> we are value investors, and so, there certainly...
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Dec 31, 2013
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says in court that apple was obstructing his work. apple's complaining his work is interfering with some of the other operations. >> tim cook is a busy guy. he's got a lot of people to deal with. >>> residents in north dakota are being urged to evacuate as a precaution following the derailment of a train carrying crude oil. the derailment resulted in a series of explosions which sent flames and black smoke into the sky. no one was hurt in the derailment and subsequent explosions. authorities still don't know exactly why the train derailed. we're going to talk about the keystone pipeline at this point? >> not again? >> what about next year? is next year the year? that would be a good prediction. you think it will be, don't you? >> it probably will. that's a good chip that democrats can use to get something else they want. i don't know if it's the debt limit or something else. i don't think they're that opposed to keystone. >> did mention that. >> it's a possibility. >> all right. we're going to be watching shares of netflix today. the
says in court that apple was obstructing his work. apple's complaining his work is interfering with some of the other operations. >> tim cook is a busy guy. he's got a lot of people to deal with. >>> residents in north dakota are being urged to evacuate as a precaution following the derailment of a train carrying crude oil. the derailment resulted in a series of explosions which sent flames and black smoke into the sky. no one was hurt in the derailment and subsequent explosions....
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Dec 30, 2013
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buy five shares of apple and doesn't cost you any more than 11 h100 shares of apple. no question apple is the cheapest. the problem is apple is also the largest by market capitalization. i would go with some of the companies there that are smaller. i don't know the market cap on all four of those but chipotle is growing reasonably quickly and a smaller market gap than apple. how much head room do these things have to grow. i would think a retail chain like chipotle could get there at least effectively doubling the stock price but only because it has more room to grow. >> excellent point. remember, dom, things slapped with $1,000 price tag was a kiss of death. >> people didn't want to buy the stock but doesn't matter that much any more. you can buy these for commissions that are pretty reasonable. >> great discussion. thanks very much. coming up on "street signs," target in customer's line of fire after the massive security breach but could investors have the company in their cross-hairs? >> google is stepping on the gas in the smart car drag race. can it beat april to
buy five shares of apple and doesn't cost you any more than 11 h100 shares of apple. no question apple is the cheapest. the problem is apple is also the largest by market capitalization. i would go with some of the companies there that are smaller. i don't know the market cap on all four of those but chipotle is growing reasonably quickly and a smaller market gap than apple. how much head room do these things have to grow. i would think a retail chain like chipotle could get there at least...
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Dec 30, 2013
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if apple does a deal with audi, do you have to have an apple phone to drive the car? >> these are the things that are going to drive apple. my company has a buy rating on the stock. the icahn thing is important, the stock buyback is important. they have a ton of cash parked jae overseas. what turned the stock around was forward earnings expectation, the china mobile deal. when investors were soaring on the stock, it was because earnings were coming down. as soon as that trend reversed, the stock trend reversed. it may not be an imminent boost or technological release. that will help drive sales and the stock higher. >> watch google and apple battle it out is also interesting and fun to watch as they pick various points where they choose to battle, the car being one of them. >> particularly they both have a robotics operation. >> when you get a self-driving car, what's the embedded software that is going to operate it. it could be android operated. google has the self-driving car. apple does not. >>> copper rising to its highest level in more than four months. what doe
if apple does a deal with audi, do you have to have an apple phone to drive the car? >> these are the things that are going to drive apple. my company has a buy rating on the stock. the icahn thing is important, the stock buyback is important. they have a ton of cash parked jae overseas. what turned the stock around was forward earnings expectation, the china mobile deal. when investors were soaring on the stock, it was because earnings were coming down. as soon as that trend reversed,...
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Dec 30, 2013
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to apples? price per square foot, what do you look at? and what are the taxes on each of these properties? >> taxes in miami are based on the sales price, but taxes in florida are 2.25% more or less if it's water front of the sale price of the property. and aspen is about half that. so they're very different. but, of course, florida has no tax. now income tax. that makes that different. there's all kinds of things that go into the mix. in terms of price per square foot, they're both 1,000 square feet. we're not talking about huge differences. what could that be? a rec room? >> all right. so it's settled, dolly, island time wins round one. let us know if you agree. tweet using #milliondollarhomes. dolly will be back later on "squawk on the street" for the next round. and later, she'll crown the top home. thanks for being with us on that this morning. >> thank you. >>> and coming up, predictions for 2014. what to expect in the markets and health care sector when we return. [ male announcer ] this
to apples? price per square foot, what do you look at? and what are the taxes on each of these properties? >> taxes in miami are based on the sales price, but taxes in florida are 2.25% more or less if it's water front of the sale price of the property. and aspen is about half that. so they're very different. but, of course, florida has no tax. now income tax. that makes that different. there's all kinds of things that go into the mix. in terms of price per square foot, they're both 1,000...
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Dec 27, 2013
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. >> apple has not gone along. and they said, yeah, we're not doing what you want and they got icahn to back down. he said, you're right, now i want you to buy back this much instead of that much. in some ways, i think it's a problem if you reward bad behavior. >> well, they have all this money sitting around and people are going to go after it and it's their responsibility to say they're doing something with it proactively. >> this may be sensitive at this table and maybe joe and becky have views on this, too. actually who's at fault in all of this is the media. that we have become enablers of the activist. and that if they didn't have the megaphone that is either tv or websites or newspapers that nobody would listen to them. >> or twitter. >> or twitter. and by the way, twitter, you can go direct to the shareholders. so where do you put the buzz feeds of the world or cnbc or anybody else? >> well, that's absolutely the case. another great example, a year ago when bill ackman announced h herballife. >> yeah. every
. >> apple has not gone along. and they said, yeah, we're not doing what you want and they got icahn to back down. he said, you're right, now i want you to buy back this much instead of that much. in some ways, i think it's a problem if you reward bad behavior. >> well, they have all this money sitting around and people are going to go after it and it's their responsibility to say they're doing something with it proactively. >> this may be sensitive at this table and maybe joe...
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Dec 26, 2013
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for many people bonds are going to be quite dangerous if the fed is going to upset the apple court. >> well, you know, we're expecting that the long end of the yeels curve to move to 3.5 basis points, what reballing for us would mean a of 0/40 plit -- split. look for good quality bonds. we would probably shy away from the lower end quality. we've had a good run in those bonds. we don't think there's very good opportunity or very good up side from some of these inflexion points. >> i assume you think this late year run-up in some of the energy names is going to bleed over? >> yeah, you look at that group, you look at the industrials. we're still in maybe a middle part, if not an early middle part of the whole economic recovery. and the stock market that's moved like this has really not touched an inordinate number of names, particularly in energy. the market doesn't generally peak until everything trades at 8 or 9. when you look at where the defensive names are, we should all be pokes post to these kind of names and stop worrying about the next thing that will happen globally. employme
for many people bonds are going to be quite dangerous if the fed is going to upset the apple court. >> well, you know, we're expecting that the long end of the yeels curve to move to 3.5 basis points, what reballing for us would mean a of 0/40 plit -- split. look for good quality bonds. we would probably shy away from the lower end quality. we've had a good run in those bonds. we don't think there's very good opportunity or very good up side from some of these inflexion points. >> i...
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Dec 26, 2013
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now, let's focus over to apple. apple is in trouble in taiwan for anti-trust violations. the iphonemaker was fined backside 655,000 saying it interfered with the pricing by three mobile carriers. the commission says apple told the carriers how much to carve for the iphones and recommended changes in plans. apple appealed the ruling, but it could face another $625,000 in fines if it does not immediately stop trying to control prices. apple shares up up this year, far below market value and one of the underperformers for the tech sector. >> that's a drop in the bucket for apple. the electronics giants are ending their joint venture to produce technology to make giant ultra thin tvs. they had been working on these oled screens kb which offer better quality pictures than traditional lcd televisions. sony made the first model in 2007, but has struggled to roll out production because costs are too high for production. >>> now, here is what i've been waiting for. what will 2014 mean for the markets? bob pisani gives us his full predictions for the new year. but first, let's chec
now, let's focus over to apple. apple is in trouble in taiwan for anti-trust violations. the iphonemaker was fined backside 655,000 saying it interfered with the pricing by three mobile carriers. the commission says apple told the carriers how much to carve for the iphones and recommended changes in plans. apple appealed the ruling, but it could face another $625,000 in fines if it does not immediately stop trying to control prices. apple shares up up this year, far below market value and one...
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Dec 24, 2013
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then there's apple ceo, tim cook. all he wants for christmas is for carl icahn to lose his phone number for at least a little while, give him a little while. apple has $147 billion in cash and investments, they have a buyback and pay a dividend. that stock is up about 7% year to date. and for bitcoin investors, all they want is a bit of a break and to stay under the radar of regulators. a lot concerns about central banks and regulatory scrutiny all over the world. so, kayla, all i want for christmas, perhaps, is just a little bit -- a little bit more market, market sentiment to turn bullish next year. back to you. >> i think there are a lot of people on the floor that agree with you. >> the animation dreamworks on net flex debuts today "turbo fast." >> netflix has the global exclusive rights. the film here in the u.s. grossed $280 million overseas and comes just in time for the holiday stretch with kids tuning in at home. unlike netflix's other originals, they are not hitting all at once. offering five episodes today,
then there's apple ceo, tim cook. all he wants for christmas is for carl icahn to lose his phone number for at least a little while, give him a little while. apple has $147 billion in cash and investments, they have a buyback and pay a dividend. that stock is up about 7% year to date. and for bitcoin investors, all they want is a bit of a break and to stay under the radar of regulators. a lot concerns about central banks and regulatory scrutiny all over the world. so, kayla, all i want for...
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Dec 24, 2013
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it's google and it's apple. >> even apple. look at apple. apple is trading at 10 or 11 times earnings, it's got $130 billion in cash. it's a very different dynamic than what you saw -- >> it's not a sock puppet. >> right. it's not a sock puppet. there's something there. so, you know, it doesn't mean necessarily next year's going to be a great year for stocks, but certainly i'm not expecting the -- what you had after the -- >> what? >> i don't know. it came to mind at 7:05, man, that's all i came up with. that's like the ending. >> garlicky? a lot of garlic, right? >> yeah, exactly. but at the end of the -- >> is it flaming? >> probably. that's extra. that's extra. >> you want to talk markets or just -- it's not really your domain? >> well, i mean, we're talking about stocks a little bit. i mean, there's been major news in the last two business days that people really haven't responded to yet. i heard some of your prior guests talk about the consumer as of thursday, we thought consumer spending was 1.4, now it's running 4.0, two days later. t
it's google and it's apple. >> even apple. look at apple. apple is trading at 10 or 11 times earnings, it's got $130 billion in cash. it's a very different dynamic than what you saw -- >> it's not a sock puppet. >> right. it's not a sock puppet. there's something there. so, you know, it doesn't mean necessarily next year's going to be a great year for stocks, but certainly i'm not expecting the -- what you had after the -- >> what? >> i don't know. it came to mind...
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Dec 23, 2013
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the big story today is really apple. the stock trading higher on news that tech giant has reached a long-awaited deal to bring the iphone to china mobile, the biggest phone carrier. apple will begin selling the iphone 5s and 5c in china on january 17th. let's get to josh lipton with more on this deal. josh, this is the world's largest mobile market. apple needed to get this done and we have ink on the paper. >> that's right. you can see the reaction, apple bulls are excited and apple's ceo tim cook says he can't think of a better way to welcome in the chinese new year than giving an iphone into the hands of every china mobile customer who wants one. apple saying it will offer the iphone on china mobile's network january 1th. why all the excitement? because as you mentioned, china mobile is the world's largest mobile services provider, serving over 6760 -- 760 million customers. no information on what the iphone will cost with the china mobile contract. analysts on wall street this morning already busy crunching numbers o
the big story today is really apple. the stock trading higher on news that tech giant has reached a long-awaited deal to bring the iphone to china mobile, the biggest phone carrier. apple will begin selling the iphone 5s and 5c in china on january 17th. let's get to josh lipton with more on this deal. josh, this is the world's largest mobile market. apple needed to get this done and we have ink on the paper. >> that's right. you can see the reaction, apple bulls are excited and apple's...
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Dec 23, 2013
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apple and all of its producers. apple is near a new high for the year. you see arms holdings trading down. broadcom up a bit. i would say not a lot of effect here so far on that china mobile deal. trying to figure out some numbers here on what's going to be happening, how many they might sell. there is not a lot of estimates. they will put up the full screen. china mobile could sell 20 million iphones. there guess is out there. we use the current levels of pricing of other competitors. they estimate it could add $4 to $8. have you been in an apple store recently? i went over the weekend. i went yesterday to buy an ipad air for my wife. the store was overflowing. the sales clerk said business was booming. the biggest item was the ipad mini. they were flying out of the stores. the santa claus rally starts tomorrow, the propensity for stocks to rise the last five days. a lot are concerned the rally last week will take way from the santa claus rally. it has more propensity on years it doesn't work than when it does in terms of figuring out what's going on in
apple and all of its producers. apple is near a new high for the year. you see arms holdings trading down. broadcom up a bit. i would say not a lot of effect here so far on that china mobile deal. trying to figure out some numbers here on what's going to be happening, how many they might sell. there is not a lot of estimates. they will put up the full screen. china mobile could sell 20 million iphones. there guess is out there. we use the current levels of pricing of other competitors. they...
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Dec 23, 2013
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this company is a major supplier for apple. there's a report out about a really good christmas elf here in the u.k. the stock move you're seeing today, this is closely related to the deal between china mobile that you're going to talk to eunice about. swatch group up by .6%. this is a swatch group winning the battle against tiffanys in the west. tiffanys ordered by a dutch arbitration court to pay swatch $450 million. this is because of the failed jv, joint venture back in 2007. swatch is saying tiffany moved too slowly to launch and promote the products. tiffanys, as you said, cutting the guidance. back over to you. >> thank you, carolyn. joe? >> yes, steve. >> i wanted to make sure you're paying attention. >> i'm not. >> i'm going to intro eunice. >> yes. not only did we talk about seeing but we said there is eunice and it wasn't you. we mentioned apple is one of the corporate stories. the company has a long way to deal with cnbc. eunice yoon visiting from beijing joins us on set. 700 million people. >> 750 million. >> possib
this company is a major supplier for apple. there's a report out about a really good christmas elf here in the u.k. the stock move you're seeing today, this is closely related to the deal between china mobile that you're going to talk to eunice about. swatch group up by .6%. this is a swatch group winning the battle against tiffanys in the west. tiffanys ordered by a dutch arbitration court to pay swatch $450 million. this is because of the failed jv, joint venture back in 2007. swatch is...
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Dec 20, 2013
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apple, tim cook has talked a lot about equality and diversity. apple has a woman on its board of directors. there's a woman running the online retail stores. yahoo! as well. listen, they've taken steps. tell cnbc to address the size and composition of their board. that might happen next year. it's an issue here and the question is why do so many board in silicon valley look like that. i talked to jeff over at yale and he said it might be because so many people in the valley define themselves as politically progressive. they don't think of themselves having prinlg diss which, in fact, of course, they have devices just like all of us. >> go ahead, mary. >> i was at a forum that's looking to promote women on the boards of directors. a number of the executives there, including ceos like jeff imme immelt, they say have to look below that. typically board of directors are made up of former ceos. they say there aren't enough women who are ceos. increasingly companies are looking below that level to look at people who are probably board ready but have ye
apple, tim cook has talked a lot about equality and diversity. apple has a woman on its board of directors. there's a woman running the online retail stores. yahoo! as well. listen, they've taken steps. tell cnbc to address the size and composition of their board. that might happen next year. it's an issue here and the question is why do so many board in silicon valley look like that. i talked to jeff over at yale and he said it might be because so many people in the valley define themselves as...
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Dec 20, 2013
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apple has had a big buyback so they're going to decrease the weighting in apple, exxon has as well. they're going to decrease that as well. general motors is increasing its share count. so you'll see some action here. people ask me why isn't there more price action? why doesn't it get a little more gyrating in terms of the price? the index guys have become very good over the years at sort of faking out all the people who want to sell them or buy from them the stocks they need to add or subtract from the index. there's ways to synthetically do that. carmarks -- carmax leading on the laggards here. art cashin said we're breaking out of that old triangle on the s&p 500. we're sitting right near that at 1815. big, big advantages on heavy volume, new highs, going into the close of the year technically looking terrific. >> let's go to rick santelli at the bond pits at the cme in chicago. >> hi, judge. any of you remember head east and flat as a pancake? flat as a pancake is pretty much what's going on in the yield curves. we've been talking about this for a long time. and to see the amoun
apple has had a big buyback so they're going to decrease the weighting in apple, exxon has as well. they're going to decrease that as well. general motors is increasing its share count. so you'll see some action here. people ask me why isn't there more price action? why doesn't it get a little more gyrating in terms of the price? the index guys have become very good over the years at sort of faking out all the people who want to sell them or buy from them the stocks they need to add or subtract...
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Dec 19, 2013
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they're going to be selling apple and exxon because apple has had a huge buyback program and so has exxon. you'll see share buybacks and that will reduce the wait persian gulf in is a brilliant moment for facebook to announce the secondary, because when it goes into the s&p 500, there will be far more demand than the 70 million shares announced. separately the fed will do an unusually large permit operation today, where they go into the market and buy instruments, buy treasuries. they're going to do this in two operations, at 11:00 and 2:00. normally strock traders don't pay attention to this. i bring it up because it's very large and traders are wondering if it's going to impact the market around 2:00 eastern time. finally, the big debate on 2014 is whether there will be any real increase in capital spending. credit suisse named increasing in spending as one of the big themes in 2014. let's hope that's not the case. when you look at general electric, their annual meeting yesterday, what i saw there was a lot of cost cutting, i saw talk about dividend hikes, talks about buybacks, improvem
they're going to be selling apple and exxon because apple has had a huge buyback program and so has exxon. you'll see share buybacks and that will reduce the wait persian gulf in is a brilliant moment for facebook to announce the secondary, because when it goes into the s&p 500, there will be far more demand than the 70 million shares announced. separately the fed will do an unusually large permit operation today, where they go into the market and buy instruments, buy treasuries. they're...
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Dec 19, 2013
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been working on revising the nsa program for a few months, but that meeting with tech leaders like apple's ceo tim cook and sheryl sandburg yesterday probably greased the bheels. a panel recommended that the nsa no longer keep a database, and also called for much more restrained when it comes to tracking foreign leaders, but these recommendations are just that. the obama administration said it will announce what changes it will actually make. also late today, a federal jury found former s.a.c. capital fund manager michael stein berg guilty. he faces a heavy prison term when sentenced this spring. legal experts believe this will increase pressure on matthew martoma, another former manager to finally cooperate with prosecutors and help them go after steven cohen. >>> we know one of the winners of last night's massive $648 megamillions drawing, a stone mountain, georgia woman claimed the prize late today. she is described only as a married mom. her half of the cash option comes to $173 million before taxes. >> wow, many thanks, morgan brennan. >>> just one thing quickly editorializing. i thin
been working on revising the nsa program for a few months, but that meeting with tech leaders like apple's ceo tim cook and sheryl sandburg yesterday probably greased the bheels. a panel recommended that the nsa no longer keep a database, and also called for much more restrained when it comes to tracking foreign leaders, but these recommendations are just that. the obama administration said it will announce what changes it will actually make. also late today, a federal jury found former s.a.c....
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Dec 18, 2013
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apple we have not covered. the journal suggested the 18th would be the day around the time china mobile will nons a deal. china mobil comes out and says there's no deal yet, we're still talking. >> i read that and i i was like is this one of those upon further reviews? it was a fumble? i thought this was a done deal. that is a better reason for apple to sell off than i think the jabil reason. can i come back and say i think 2014 is going to be a big year, they do have the right phones, they're going to have the new introduction of another phone and all the extrapolation of the problems of apple misses the point, which is that business is better there. >> we do have a deal on va valassis. trading above the price of the deal. have not been able to speak to others in terms of whether there was an auctioneer or whether there's expectations of a higher price and also talking about electing to conduct a tender for their 6 5/8 notes due in 2021. the buyer is harlen clark holdings. they are buying this total takeout pr
apple we have not covered. the journal suggested the 18th would be the day around the time china mobile will nons a deal. china mobil comes out and says there's no deal yet, we're still talking. >> i read that and i i was like is this one of those upon further reviews? it was a fumble? i thought this was a done deal. that is a better reason for apple to sell off than i think the jabil reason. can i come back and say i think 2014 is going to be a big year, they do have the right phones,...
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Dec 13, 2013
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open table losing ground on a report that apple has filed for a restaurant reservation patent. the stock down 1.37%. and qualcomm replacing paul jacobs. the stock basically flat on the news. bill, kelly, back to you. >> a bit of a surprise there. coincidence or not. he was being discussed at microsoft and now will get the top job at qualcomm. >>> let's debate it in a good old fashioned stock brawl. our bear is cody achery from williams financial. welcome. ross, you like qual com here. do you like this promotion? >> i love the promotion. they've got a young guy who spent almost all of his career there at the company and promoting him to take over at this time makes a lot of sense. you lose a guy like him to microsoft, it's really painful because it's hard to groom high quality ceos these days. a great move for the company. >> cody, why don't you like qualcomm at these levels? one of these classic situations when you invest in war, you don't invest in the guys who make the gun, you invest in the guys who make the ammo. these are the guys that make the ammo in the chip wars for ye
open table losing ground on a report that apple has filed for a restaurant reservation patent. the stock down 1.37%. and qualcomm replacing paul jacobs. the stock basically flat on the news. bill, kelly, back to you. >> a bit of a surprise there. coincidence or not. he was being discussed at microsoft and now will get the top job at qualcomm. >>> let's debate it in a good old fashioned stock brawl. our bear is cody achery from williams financial. welcome. ross, you like qual com...
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Dec 13, 2013
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>> i think apple's multiple can keep recovering. i think the stock had gotten too low and we're looking for it to get back to around the highs it had been, and $700. >> rob, what changed here? there's not been that much new newswise over the past few months when everybody knew they were going to come out with some new ipads, et cetera. why should be we show surprised apple is doing well over holiday season. >> i don't know that we're surprised. i think people were concerned about the momentum, i think the iphone 5 is showing good uptake. it's new product cycle is showing that apple is still really popular. >> talk to me about 2014. samsung has made a big deal saying they want the unit crown in tablets. a lot of commoditization out there. how is that going to play out in 2014? >> that's been their m.o. apple peels off the highest sort of margin, the most profitable part of the market. they don't go after the low end, high-volume commodity i think android continues to outpace apple from a volume standpoint. i expect apple to dominate
>> i think apple's multiple can keep recovering. i think the stock had gotten too low and we're looking for it to get back to around the highs it had been, and $700. >> rob, what changed here? there's not been that much new newswise over the past few months when everybody knew they were going to come out with some new ipads, et cetera. why should be we show surprised apple is doing well over holiday season. >> i don't know that we're surprised. i think people were concerned...
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Dec 11, 2013
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it's not because of apple itunes but with led zeppelin. we'll explain, plus which stock will announce a buyback next? our traders have a few ideas which could
it's not because of apple itunes but with led zeppelin. we'll explain, plus which stock will announce a buyback next? our traders have a few ideas which could
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Dec 11, 2013
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the five biggest buyback companies so far, apple, pfizer, halliburton, qualcomm, johnson & johnson. we have indication on autohome up 26 to 29. prices at 17. the indications right now, 26 to $29. we'll have the ceo on later on with you guys. back to you. >> thanks very much, mr. pisani. let's head to the bond pits now. rick santelli is over at the cme group in chicago. >> good morning, dave. if you look at 10-year, a two-day chart, a couple of things jump out at you. first of all, we are up a couple of basis points but nothing wild and we're hovering right below what many consider a important pivot. you can see the dramatic response to that budget deal, whether you look at fixed income markets or equity markets. if we open the chart to one month, it kind of fascinating. you can see for one month, rates have clearly moved up. if you look at one month of the s&p 500, you can see that is moved up. even though the tenor of most of the conventional wisdom discussions revolve around the notion that interest rates doesn't seem to bother stocks. how many times have we talked about guns hot.
the five biggest buyback companies so far, apple, pfizer, halliburton, qualcomm, johnson & johnson. we have indication on autohome up 26 to 29. prices at 17. the indications right now, 26 to $29. we'll have the ceo on later on with you guys. back to you. >> thanks very much, mr. pisani. let's head to the bond pits now. rick santelli is over at the cme group in chicago. >> good morning, dave. if you look at 10-year, a two-day chart, a couple of things jump out at you. first of...
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Dec 10, 2013
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apple does everything really well. if you want something that won't cost that much, a half or less, it will be the google nexus 7. if you use a lot of amazon media and the kindle fire hdx, the 8.9, the bigger one, with the live help they've been talking about, and absolute dna tied into amazon's media empire, that's a great bet. i've given people tablets who don't know how to use them. the amazon one is simpler. >> brian, i was going to ask, my family's secret santa has a $35 price limit on it. is there anything in the gadget world that fits the bill here? >> totally. totally. google chromecast, that is basically a roku box on a stick, a streaming television device. you stick it into an hdmi port on your television, an overgrown thumb drive, $35, and you get a variety, though not all, of the streaming tv services out there, and movie downloads. you could also look at a belkin wireless music receiver, plugs into the home entertainment, and stream music from the home or tablet without any wires, from anywhere within, say
apple does everything really well. if you want something that won't cost that much, a half or less, it will be the google nexus 7. if you use a lot of amazon media and the kindle fire hdx, the 8.9, the bigger one, with the live help they've been talking about, and absolute dna tied into amazon's media empire, that's a great bet. i've given people tablets who don't know how to use them. the amazon one is simpler. >> brian, i was going to ask, my family's secret santa has a $35 price limit...
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Dec 3, 2013
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what is your opinion about an apple return? >> apple said they would review it. i'm not expecting a change at this point. the amount of cash that apple has available for repurchase is not increasing. on the other hand, the company has more flexibility thanner in other tech companies. they clearly have a a low debt to cap ratio. they could buy more stock back. apple has lot of flexibility. >> finally, we got prime sense not too long ago, top seed today, not the biggest deals in the world but what do you make of them being at least a little more inquisitive these days. >> it's looking for new technologies and perhaps technologies like the topsy turvy analytics that helps the services side. i think they are looking to monetize services. some of those acquisitions fit into that. the other acquisition is more about gesturing. that could play into more of a game box, tv-type product. i think it suggests innovation is not dead at apple. we don't know what they're going to introduce over the next 12 months but we think you'll see some new products that will get investors
what is your opinion about an apple return? >> apple said they would review it. i'm not expecting a change at this point. the amount of cash that apple has available for repurchase is not increasing. on the other hand, the company has more flexibility thanner in other tech companies. they clearly have a a low debt to cap ratio. they could buy more stock back. apple has lot of flexibility. >> finally, we got prime sense not too long ago, top seed today, not the biggest deals in the...
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Dec 2, 2013
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it's laike what apple has suggested with the apps they have come up you with for the iphone. we don't want this to just be our platform. we want to you build on it. >> how much is the watch, by the way? >> a couple hundred bucks? >> $200-$300? >> yeah. >> in that range. there was the samsung galaxy gear and that was a couple of hundred dollars? >> that one is more expensive. like $399 and it had to pair with a specific galaxy note 3. they have since expanded so you can compapair it with more of t phones. whether this needs to be a stand alone device or if, like this one, people will be okay with pairing it with a phone. >> speaking of which, the problem is it only pairs with an android phone so we had trouble finding someone without an iphone. >> it's a race against time. >> how does this compare? >> the galaxy gear has many more bells and whistles. this is very basic. it's going to be key among all of these watch makers who are trying to get stuff out there to see how they choose what to do well and whether they just try it to do everything. the more you try to build into it
it's laike what apple has suggested with the apps they have come up you with for the iphone. we don't want this to just be our platform. we want to you build on it. >> how much is the watch, by the way? >> a couple hundred bucks? >> $200-$300? >> yeah. >> in that range. there was the samsung galaxy gear and that was a couple of hundred dollars? >> that one is more expensive. like $399 and it had to pair with a specific galaxy note 3. they have since expanded...
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Nov 22, 2013
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that plant is not intended for specific customers like apple. but will have a general focus on the high-end of the tech market. >>> the bank of japan chose to keep the current monetary policy in place after a two-day meeting. there had been thought that they would boost the economy after the economic growth slipped to 1.9%. that is half of the prior quarter's rate. >>> and a new york state judge will now decide if bank of america's $8.5 billion settlement with mortgage investors should be approved. this comes after a nine-week court proceeding that ended yesterday. there is no indication when that ruling might come. >> i've got one quick mention because i screwed this up, ackman did cover 40% of -- >> i knew that. >> he did that back in october. and we should say herbal life stock is up. >> and herbal life, unless they're selling a bunch of stuff that people then like sit on it and aren't able to sell it to the end user. it seems like their results have made it harder to prove his case. don't they keep selling a lot of stuff? >> they do. they do
that plant is not intended for specific customers like apple. but will have a general focus on the high-end of the tech market. >>> the bank of japan chose to keep the current monetary policy in place after a two-day meeting. there had been thought that they would boost the economy after the economic growth slipped to 1.9%. that is half of the prior quarter's rate. >>> and a new york state judge will now decide if bank of america's $8.5 billion settlement with mortgage...
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Nov 21, 2013
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apple sold 126 million iphones in 2012. maybe 200 million this year. another 35 million ipod touches. another 58 million ipads last year. all of those devices play video games. the size of that market is just tremendous. the number of universities is tremendous. xbox 360, 80 million units in eight years. it's true. microsoft has a tactic to switch this business, to get into entertainment. i don't think it's there. i don't think the product is ready to do that. i don't think there's that size of market waiting for it, personally. >> i see. what do you think this means for the game makers? electronic arts, activision, blizzard? >> all those guys are doing a very poor job to date getting into mobile. they're not sure how to transition their titles. the way they make titles into mobile. they don't know how to make inexpensive game. they don't know how to make games with small teams very well. they're struggling. you could really contrast them very well with newspapers making a transition to the web. that is as hard for the big game companies and the big st
apple sold 126 million iphones in 2012. maybe 200 million this year. another 35 million ipod touches. another 58 million ipads last year. all of those devices play video games. the size of that market is just tremendous. the number of universities is tremendous. xbox 360, 80 million units in eight years. it's true. microsoft has a tactic to switch this business, to get into entertainment. i don't think it's there. i don't think the product is ready to do that. i don't think there's that size of...
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Nov 21, 2013
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>> you said it was so competitive that they were cutting -- >> it is not exactly apples to apples. philly fed has been higher only once. going into the holiday season with a lot of goods on the shelves. >> compare that to the flash, in other words, the early estimate of the u.s. manufacturing which was surprised to the upside. there is some momentum there. the inventory levels won't be a problem unless activity falls off sharply. >> in a moment we are going to talk to someone from microsoft. game stop is one of the worse on the s&p today. it is warning again about sales heading into christmas. find out what attorneys on both sides are saying. we will have a live report from the courthouse after this break. twins. i didn't see them coming. i have obligations. cute obligations, but obligations. i need to rethink the core of my portfolio. what i really need is sleep. introducing the ishares core, building blocks for the heart of your portfolio. find out why 9 out of 10 large professional investors choose ishares for their etfs. ishares by blackrock. call 1-800-ishares for a prospectus
>> you said it was so competitive that they were cutting -- >> it is not exactly apples to apples. philly fed has been higher only once. going into the holiday season with a lot of goods on the shelves. >> compare that to the flash, in other words, the early estimate of the u.s. manufacturing which was surprised to the upside. there is some momentum there. the inventory levels won't be a problem unless activity falls off sharply. >> in a moment we are going to talk to...
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Nov 20, 2013
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it's like comparing apples to oranges. and then when people take into account the subsidies they're able to receive, you know they could have more comprehensive insurance that's much better for them from a better carrier for less than the cost of a cell phone bill. you know i think the consumers ought to really look into this and see what works for them. >> and what about hospital reimbursement in the plan? >> well so hospital reimburgsment is complicated. you know we as an industry began taking cuts more than three years ago in order to help pay for the coverage that is supposed to occur in 2014. so, those of us in the hospital industry who have traditionally served markets with very high levels of uninsured patients should experience an increase in the number of people who are insured across those markets. either in medicaid or in exchange products. it's going to be good for us. it's a question of how good. about the hospital industry in general. we've seen a lot of consolidation. what's ahead for the industry? is obama
it's like comparing apples to oranges. and then when people take into account the subsidies they're able to receive, you know they could have more comprehensive insurance that's much better for them from a better carrier for less than the cost of a cell phone bill. you know i think the consumers ought to really look into this and see what works for them. >> and what about hospital reimbursement in the plan? >> well so hospital reimburgsment is complicated. you know we as an industry...
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Nov 20, 2013
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apple will pay cupertino more in taxes. apple is already the single largest taxpayer in the city. last year apple generated 25 million dollars of profit tax revenue and bought $4.6 billion from over 700 local businesses. residents have concerns about construction noise and congestion. apple says it plans to widen streets and expects one third of its employees to take public transportation. apple isn't giving guidance on the price tag for the campus but estimates range from 3 to 5 billion. sue, back to you. >> wow. that looks fantastic. thanks so much. >>> all right. all this week we are measuring the crisis in america's cities. by finances both large and small, and a lot of them are in critical condition. today, cnbc's scott cohen is in miami for us. hi, scott. >> hi, sue. baseball's miami marlins threatened to leave if the taxpayers didn't help them build a stadium. is that appropriate at a time when budgets are tight everywhere? we'll look into that and why the securities and exchange commission is taking some interest in this. that's next on "power lunch." ♪ [ engine revs ] â
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Nov 20, 2013
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>> it would be candy apple red. >> really? >> and coming up, marissa mayer and what she had to say last night. back after the break. [ bagpipes and drums playing over ] [ music transitions to rock ] make it happen with the all-new fidelity active trader pro. it's one more innovative reason serious investors are choosing fidelity. get 200 free trades when you open an account. bny mellon combines investment management & investment servicing, giving us unique insights which help us attract the industry's brightest minds who create powerful strategies for a country's investments which are used to build new schools to build more bright minds. invested in the world. bny mellon. >>> we don't think of ourselves as design first, we think of ourselves as mobile first. when you look at what's happening with the mobile trend overall in our history, it's clear it is a wave large enough that you can ride it to reinvention. yahoo! is a company like many companies that has to constantly reinvent itself. the scary thing with reinvention is it
>> it would be candy apple red. >> really? >> and coming up, marissa mayer and what she had to say last night. back after the break. [ bagpipes and drums playing over ] [ music transitions to rock ] make it happen with the all-new fidelity active trader pro. it's one more innovative reason serious investors are choosing fidelity. get 200 free trades when you open an account. bny mellon combines investment management & investment servicing, giving us unique insights which...
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Nov 19, 2013
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. >> but herbalife and apple -- >> you sell your holdings. you buy puts, short futures and sell. >> yesterday people were selling facebook perhaps more than other names. >> some publication didn't like it. on the west coast you hear facebook being a primary way of being in touch with your customers and people throwing money at facebook because they feel it's the way to be able to reach the next generation. they didn't feel that way about twitter. twitter there were people on the fence. they love looking at what people are saying on twitter about their product but nobody's talking about giving twitter money yet. i know people are because they have revenues pu bu in terms of being in touch with your customer and building your brand, people favor facebook over twitter. >> the dow is up about 20. let's get to pisani on the floor. >> good morning, guys. we're up there once again right at 16,000. people are talking about overbought conditions and signs of overbought conditions and exuberance, what i've seen here is a lack of selling, below normal v
. >> but herbalife and apple -- >> you sell your holdings. you buy puts, short futures and sell. >> yesterday people were selling facebook perhaps more than other names. >> some publication didn't like it. on the west coast you hear facebook being a primary way of being in touch with your customers and people throwing money at facebook because they feel it's the way to be able to reach the next generation. they didn't feel that way about twitter. twitter there were...
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Nov 18, 2013
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apple shares down a touch today to about $523. but still up nearly 3% over the past month and nearing its high for the year. let's bring in in researchers chris caseo, welcome, interesting story out that apple may be buying a company called prime sense, a company nobody has heard about but they make a key part of the kin next motion sensor for the xbox. we don't know if it's true. it's a report now. as soon as i read that story my thinking was, if it's true, this is a predecessor to a motion control for an apple tv. am i taking it too far? >> well, that would certainly be the likely conclusion you draw if the story was true. we don't know if apple is coming out with a tv but that was the sensor used in the kin next. it wouldn't necessarily have to just be used in a tv. you could adapt that for on a tablet and the guys at apple are good at designing new technology and next things. not sure what they would be able to do with that. >> investment recommendation perspective, $625 price target, optimistic on the company already, would i
apple shares down a touch today to about $523. but still up nearly 3% over the past month and nearing its high for the year. let's bring in in researchers chris caseo, welcome, interesting story out that apple may be buying a company called prime sense, a company nobody has heard about but they make a key part of the kin next motion sensor for the xbox. we don't know if it's true. it's a report now. as soon as i read that story my thinking was, if it's true, this is a predecessor to a motion...
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Nov 15, 2013
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. >> a lot of people think apple is starting to kill them with their apple iradio. >> amax. >> i have big concerns with them. >> costco. >> stearn says it's a $144 price target. they did have the best comps of any retailer. >> i already know one guest you have tonight on "mad money." >> the second one is rocket fuel. this is a programmatic buyer -- >> went public not that long ago. >> this man is a rocket scientist. we have to find out whether this is too expensive. you and i have been through the web, have been through internet one. we know a lot of companies that advertise in consulting and they didn't necessarily all last. >> there is a new model emerging absolutely in terms of advertising the web, rocket fuel is one of those names. we've had a few of them come public lately. >> this is that realtime buy. the multiples are huge on sales, not earnings. a boy has got to be skeptical. >> and jack -- >> jack's great. >> you'll be out on monday, correct? >> then i'm coming back tuesday. red eye, red eye. >> red eye, red eye. a lot of that. we'll we're still waiting for zulily to open fo
. >> a lot of people think apple is starting to kill them with their apple iradio. >> amax. >> i have big concerns with them. >> costco. >> stearn says it's a $144 price target. they did have the best comps of any retailer. >> i already know one guest you have tonight on "mad money." >> the second one is rocket fuel. this is a programmatic buyer -- >> went public not that long ago. >> this man is a rocket scientist. we have to find...
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Nov 14, 2013
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. >>> tim took might be the head of apple, but the soul, the heart and the guts of the company, arguably, belong to this man, design chief sir johnny ive. together with steve jobs produced some of the most iconic products ever made which overturned entire industries and helped apple's stock to skyrocket to new heights. imagine this at the top of your resume. the iphone with nearly 300 million sold since 2007 and hundreds of billions of dollars in sales. the ipad and the ipad mini. the dominant tablets on the market with nearly 200 million sold. and the macbook computer, 122 million sold and counting. leander kinney has written a book about mr. ive, and he joins us. welcome. >> thank you for having me. >> very few people know much about mr. ive. tell me what he's like. >> he's a super nice guy and very self-self-efacing. >> steve jobs reportedly called him his spiritual soul mate at one point. the creative force apparently that this gentleman has and had has really changed the world. where does he get his inspiration? >> they get it from all kinds of places. i mean, they've had all sorts
. >>> tim took might be the head of apple, but the soul, the heart and the guts of the company, arguably, belong to this man, design chief sir johnny ive. together with steve jobs produced some of the most iconic products ever made which overturned entire industries and helped apple's stock to skyrocket to new heights. imagine this at the top of your resume. the iphone with nearly 300 million sold since 2007 and hundreds of billions of dollars in sales. the ipad and the ipad mini. the...
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Nov 13, 2013
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how netflix works on computers, tablets or smartphones and will not work on microsoft's xbox 1 or the apple tv because the way those companies control their devices. more so than the upcoming playstation 4 the xbox 1 is designed to be an entertainment hub so down the line we can expect microsoft to open up its doors and allow netflix to use this new interface on its platform. mandy? >> thank you. i'm going to throw it over to brian. >> we got to hit this news. "the wall street journal" out with facebook offering $3 billion for snapchat which was turned down. snapchat a free app with no revenue, facebook willing to pay 3 billion times sales for snapchat. is this the sign the zombie apocalypse is among us? >> here's the thing. facebook does say they don't comment on rumors and speculation but it does kind of make sense because of the fact that facebook in its most recent earnings announcement admitted it was having weakness with youngest users and those are spending a lot of time on snapchat. pew came out with a survey of 18 to 29-year-olds that found that 26% of them use snapchat. facebook w
how netflix works on computers, tablets or smartphones and will not work on microsoft's xbox 1 or the apple tv because the way those companies control their devices. more so than the upcoming playstation 4 the xbox 1 is designed to be an entertainment hub so down the line we can expect microsoft to open up its doors and allow netflix to use this new interface on its platform. mandy? >> thank you. i'm going to throw it over to brian. >> we got to hit this news. "the wall street...
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Nov 13, 2013
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it not just apple. does apple move without icahn saying something today or is it focused on its business? >> focused on its business. >> how long can that last? >> they should buy twitter. up know? you can embed people, you can kick people out. block icahn. buy twitter, block icahn. what do you think of that idea? >> you encouraged them some time ago to buy twitter. >> when it was 10 billion i wanted them to buy it. when it was a gleam in the eye -- >> al gore tried. they didn't want to sell. >> i think when you look, microsoft had a chance to buy them. that would have been a fabulous merger. >> one last thing we've not had a chance to talk to you about, airlines. discussion about the d.o.j.'s intervention. if it hadn't been for this one, they would have been locked out of these key airports for a long time to come. >> spirit charges you for breathing on the plan. they have a pay toilet on spirit now. walking down the plank costs money. i wish i were joking. i talked about go-go doing well yesterday. th
it not just apple. does apple move without icahn saying something today or is it focused on its business? >> focused on its business. >> how long can that last? >> they should buy twitter. up know? you can embed people, you can kick people out. block icahn. buy twitter, block icahn. what do you think of that idea? >> you encouraged them some time ago to buy twitter. >> when it was 10 billion i wanted them to buy it. when it was a gleam in the eye -- >> al...
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Nov 12, 2013
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think of apple and the iphone. did you ever realize that you wanted a handheld phone with a touch screen display that could provide all the services that your iphone provides you? that is the magic of competition is that these companies bring to you services that you can't even picture that you want today. but more tangibly for the american consumer more competition in the banking system would have meant lower mort again rates in the last couple years. the significant degree of concentration in the banking system, made american consumers pay more than they otherwise would have paid to refinance their house. it's a very simple example of how the everyday pocketbook of americans is being adversely affected by the extreme concentration that's emerged in the american banking system. >> you run a hedge fund investment firm. there was a period you wanted to become or add on an investment banking arm, correct? >> there absolutely was. >> and you decided not to do that. why not? i ask you that in the context of larger conv
think of apple and the iphone. did you ever realize that you wanted a handheld phone with a touch screen display that could provide all the services that your iphone provides you? that is the magic of competition is that these companies bring to you services that you can't even picture that you want today. but more tangibly for the american consumer more competition in the banking system would have meant lower mort again rates in the last couple years. the significant degree of concentration in...
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Nov 12, 2013
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there is a propensity right now to despise apple. it's almost as if apple did something wrong. they haven't. they're offering new phones, a wider screen, all the things that samsung beat them with, they have a new patent for at home, japan loves them and the stock is just despised. remember when apple used to go up and everything else went down? it's the anti-market stock. >> hanging in around 518 is a lot different than hanging in around 418. >> true. this has become transocean. it's transocean 2! carl icahn is pressuring tim cook, he pressuring a ring company. if i were tim cook, i would say, hey, listen, carl, the ring business is not really analogous. and we didn't do mccondo. >> a balance sheet is a balance sheet, capital allocation is capital allocation. >> what are you, a tree is a tree? are you a poet? >> a rose is a rose is capital allocation? >> don't forget that he owned about 6% of transoh scean. he can never own 6% of apple. >> no, he can't. but what should i be excited about if i own apple? the possibility of another meal between tim cook and carl icahn? is that w
there is a propensity right now to despise apple. it's almost as if apple did something wrong. they haven't. they're offering new phones, a wider screen, all the things that samsung beat them with, they have a new patent for at home, japan loves them and the stock is just despised. remember when apple used to go up and everything else went down? it's the anti-market stock. >> hanging in around 518 is a lot different than hanging in around 418. >> true. this has become transocean....
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Nov 11, 2013
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apple google and microsoft trading lower on the day. back to you. >> we'll go to dom for a market flash. >> how about looking at rda micro electronics after it agreed to be bought by china's unigroup for $910 million or 1850 a share on friday it offered $18 a share, topping another offer. there were earlier reports of a purported other offer for the company, now they've come out and said rda micro electronics there isn't anything substantive to those talks just yet so again, watch those shares higher right now. back over to you. >> by 3.5%. thank you very much. >>> we've all heard about flipping houses, that's been big in real estate for some time. but what about flipping a private jet? cnbc's wealth editor robert frank joins us with the details. i guess i should have seen this one coming. >> exactly. >> but really? >> yeah. we didn't really see the numbers coming. billionaires are going crazy for a new jet. it's the g had-650 from gulf stream. this plane was launched last year. oprah and ralph lauren have reportedly ordered one. the st
apple google and microsoft trading lower on the day. back to you. >> we'll go to dom for a market flash. >> how about looking at rda micro electronics after it agreed to be bought by china's unigroup for $910 million or 1850 a share on friday it offered $18 a share, topping another offer. there were earlier reports of a purported other offer for the company, now they've come out and said rda micro electronics there isn't anything substantive to those talks just yet so again, watch...
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Nov 8, 2013
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we've reached out to apple. no word back from there. though there are reports that apple did pick up the device to see what the cause of that malfunction was. so, the store evacuated, no one hurt. this, of course, coming on the heels of yesterday's report about that tesla device battery that burst into flames in that car. bill, back to you. >> what is going on. >> yeah. >> thank you. >> thank you so much, ty. >> at least nobody was hurt. >> we want to oint out, this market is moving higher. $1 billion to buy at the close here. we'll probably end higher than we are right now. joining us, david darst, j.j. burns from j.j. burns and company. what's going on with this rally? >> this is the what's not to like market. >> they love the jobs report. >> china doing better, pmi, european central bank -- >> cutting rates. >> the jobs number came in nicely. upward revision bill by 60,000 jobs. >> august and september, sflit. >> what you really need to see is the consumer to kick in. that's been the laggard. with the jobbing doing better -- now, you
we've reached out to apple. no word back from there. though there are reports that apple did pick up the device to see what the cause of that malfunction was. so, the store evacuated, no one hurt. this, of course, coming on the heels of yesterday's report about that tesla device battery that burst into flames in that car. bill, back to you. >> what is going on. >> yeah. >> thank you. >> thank you so much, ty. >> at least nobody was hurt. >> we want to oint...
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in other words, did you make presentations to apple? did they solicit you and other cities in making this decision? >> well, we don't know what other cities were involved. obviously, there's a long negotiation process. apple and mesa have sort of rubbed shoulders before. they've looked at mesa. we were not an unknown entity. and so, we just talked about how we could best help them be successful. we had an existing facility. we had existing infrastructure. we had done some things that really set the stage, so apple could come in to mesa, and we think be more successful here than they could other places. there was never an us versus them mentality. >> what incentives did you deploy, aside from the infrastructure, and perhaps the geographical location, you're somewhat closer to california, obviously, than other low-cost parts of the country. are you offering them tax breaks? >> the city of mesa is not. the state of arizona is offering some incentives, which i'm not totally privy to right now. they haven't released that data. but the city o
in other words, did you make presentations to apple? did they solicit you and other cities in making this decision? >> well, we don't know what other cities were involved. obviously, there's a long negotiation process. apple and mesa have sort of rubbed shoulders before. they've looked at mesa. we were not an unknown entity. and so, we just talked about how we could best help them be successful. we had an existing facility. we had existing infrastructure. we had done some things that...
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carl icahn tweets about apple. the stock moves up. >> the best possible case scenario is baked into the price. the price at $45 assumes everything goes right. we don't know how the company is going to make money. they haven't shared it with us. >> andrew, they made $422 million a share. they're on pace for over 600. >> how much money are they making? >> we got to jump. i love this debate. we've got disney numbers out. we've got to get to them. appreciate it. tha thanks very much. we'll watch disney shares on the move on the heels of fourth quarter earnings and revenue coming out. $11.57 billion in revenue for the fourth quarter. julia boorstin with the numbers. >> disney reported with better earnings and revenue than expected. as you mentioned, $11.57 billion in revenue. better than the 11$11.4 billionn revenue projected and up from the year ago period. earnings per share 77 cents. that's one penny better than expected. up from 68 cents in the year ago period. looking at some of these different divisions here of di
carl icahn tweets about apple. the stock moves up. >> the best possible case scenario is baked into the price. the price at $45 assumes everything goes right. we don't know how the company is going to make money. they haven't shared it with us. >> andrew, they made $422 million a share. they're on pace for over 600. >> how much money are they making? >> we got to jump. i love this debate. we've got disney numbers out. we've got to get to them. appreciate it. tha thanks...
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. >> i definitely like apple with their new release of their new ipads, new i macs. going into the holiday season that's going to be a big purchase. i think they constantly continue to innovate. >> even with the weakness the stock has seen? that made them more attractive? >> i was a buyer at 380. i'm tapering off now. i believe in the stock and believe it will continue -- >> watch that word "taper" around here these days. beau? >> we're looking at a lot of home goods and construction right now. because as the economy recovers, the long-term play will be in that realm as new homes are built and as people refab their existing homes. i think that is the long year or two growth for us. the tech stocks tend to be a little sexier than nails and paint. but i'm along with warren buffett there. i think names and paint can be sexy, too, when it gives you the right return. >> spoken like a true ohio guy right there. >> go bucs. >> heartland. >> appreciate it, guys. see you soon. 20 minutes before the closing bell sounds for the day. we have a market that is under pressure, down
. >> i definitely like apple with their new release of their new ipads, new i macs. going into the holiday season that's going to be a big purchase. i think they constantly continue to innovate. >> even with the weakness the stock has seen? that made them more attractive? >> i was a buyer at 380. i'm tapering off now. i believe in the stock and believe it will continue -- >> watch that word "taper" around here these days. beau? >> we're looking at a lot...
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. >> you think he's had any more meals with apple? >> i don't think there's been any more meals with apple. >> coming up, we'll hear from twitter's ceo dick costolo. he'll join us after the opening bell. live from post 9 at the nyse when we come back. [ bagpipes and drums playing over ] [ music transitions to rock ] make it happen with the all-new fidelity active trader pro. it's one more innovative reason serious investors are choosing fidelity. get 200 free trades when you open an account. that's a good thing, but it doesn't cover everything. only about 80% of your part b medical expenses. the rest is up to you. so consider an aarp medicare supplement insurance plan, insured by unitedhealthcare insurance company. like all standardized medicare supplement insurance plans, they could save you in out-of-pocket medical costs. call today to request a free decision guide. with these types of plans, you'll be able to visit any doctor or hospital that accepts medicare patients... plus, there are no networks, and virtually no referrals neede
. >> you think he's had any more meals with apple? >> i don't think there's been any more meals with apple. >> coming up, we'll hear from twitter's ceo dick costolo. he'll join us after the opening bell. live from post 9 at the nyse when we come back. [ bagpipes and drums playing over ] [ music transitions to rock ] make it happen with the all-new fidelity active trader pro. it's one more innovative reason serious investors are choosing fidelity. get 200 free trades when you...
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i said it yesterday, apple has to buy this company. it's the biggest no brainer ever. social is fundamental to the devices, they integrated with them six months to a year before facebook. it's a perfect solution. >> john's going to be with us iffi for the rest of the program. rocco, keep wearing your tommy johns, i apologize for botching your wonderful last name. >> no worries. >> and we'll see where the twitter ipo lands today. >> and we're not done. we're not even -- >> we're getting started. >> not even scratching the surface. a lot more to come at twitter's big day at the new york stock exchange. including duncan niederaure. >>> tomorrow, we're going to find out if the market can keep up the momentum purely based on q-3. be right back. >>> it's twitter's ipo day. let your fingers do the talking and tweet the "squawk box" crew. the show @squawkcnbc. follow the show on twitter and never miss a beat of the longest running morning business show on television. "squawk box" on cnbc. [ male announcer ] once, there was a man who found a magic seashell. it told him what was
i said it yesterday, apple has to buy this company. it's the biggest no brainer ever. social is fundamental to the devices, they integrated with them six months to a year before facebook. it's a perfect solution. >> john's going to be with us iffi for the rest of the program. rocco, keep wearing your tommy johns, i apologize for botching your wonderful last name. >> no worries. >> and we'll see where the twitter ipo lands today. >> and we're not done. we're not even --...
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Nov 6, 2013
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why would apple -- why would apple not buy twitter. they need a social strategy, they integrated with twitter before facebook. that to me is the no-brainer. >> buy or be bought. thank you so much, john, tim, great to have you with us. >> thank you. >> tim, very smart guy. >> stick around. because ahead on "street signs," we're firing up the old "street signs" time machine. we're going to look at the other hot ipos that hit the street and if you put a thousand bucks into them what you would have today. i'm going to start a service called bitter. because i did not get in. >> hot tub time machine. >> one teen retailers says investors can expect a big fat lump of coal this christmas and imitation is the best form of flattery but no way mcdonald's is flattered by burger king's latest move. a debate coming your way on "street signs." announcer: where can an investor be a name and not a number? scottrade. ron: i'm never alone with scottrade. i can always call or stop by my local office. they're nearby and ready to help. so when i have questio
why would apple -- why would apple not buy twitter. they need a social strategy, they integrated with twitter before facebook. that to me is the no-brainer. >> buy or be bought. thank you so much, john, tim, great to have you with us. >> thank you. >> tim, very smart guy. >> stick around. because ahead on "street signs," we're firing up the old "street signs" time machine. we're going to look at the other hot ipos that hit the street and if you put a...
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it's the dream that twitter will one day be among the titans, like amazon, like apple, google. everybody wants to be at the party. in this case, that's where twitter benefits. >> is this just a case of good timing, then, when we happen to be at an ipo market that is going to be the best ipo market we've seen? >> yeah. and i think if twitter would have hand picked a day in history, this is the day. i mean, valuations don't matter much. fundamentals are pretty much out the window. we have a momentum driven market. >> that is -- for not investing in it. >> well, yeah. it's an argument for where particularly at the market top, so -- >> but you're suggesting to invest in it. >> well, because i think at this oint, if you look at the valuation -- i think the key is the valuation of facebook and to some extent the valuation of linkedin. if you look at those valuations and compare the potential that twitter has, if we get even a third of those valuations, we have a successful ipo. and that is the key. >> is it fair to say that things are looking a little toppier at this point? maybe it'
it's the dream that twitter will one day be among the titans, like amazon, like apple, google. everybody wants to be at the party. in this case, that's where twitter benefits. >> is this just a case of good timing, then, when we happen to be at an ipo market that is going to be the best ipo market we've seen? >> yeah. and i think if twitter would have hand picked a day in history, this is the day. i mean, valuations don't matter much. fundamentals are pretty much out the window. we...
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apples-to-apples? >> listen, right? you have to put it in context, right? air pair launched in 42 countries over the weekend. many countries have more than one carrier, and also launched in all of the apple retail stores, so one data point from one carrier. >> how far do you take it? >> it's a mild positive, right? generally ipads are unsubsidized devices. it's not -- it's a small pace base that at&t is likely comping off of. you know, it's better than not being up -- >> the alternative? >> right. >> brian, your thoughts on that, and why is apple being mum about the first weekend this time? >> it's really hard to say. apple is usually the first with the numbers, monday morning, they come out, have a big, celebratory press release. i can't say why. some say they may be waiting for the new ipad mini to come out. but most accounts is the ipad is selling very well. >> i can see why, right? because it's -- you know, it's likely not a number that will wow people. because last year you launched the ipad air and mini. the mini is not out, later in november. so why
apples-to-apples? >> listen, right? you have to put it in context, right? air pair launched in 42 countries over the weekend. many countries have more than one carrier, and also launched in all of the apple retail stores, so one data point from one carrier. >> how far do you take it? >> it's a mild positive, right? generally ipads are unsubsidized devices. it's not -- it's a small pace base that at&t is likely comping off of. you know, it's better than not being up --...